Target US shares surge on in-store boom
CNBC posted that shares in Target US surged after the retailer reported unprecedented growth in foot traffic at its stores, along with second-quarter profit, revenue and comparable store sales that surpassed analysts' expectations. The big-box retailer also said that online sales grew 41% from the same period last year, compared with an increase of 32% a year ago. That said, with the strongest same-store sales growth in 13 years, the boom for Target has been in the brick and mortar stores. It looks like the chain reinvented their stores and product mix, but has also succeeded in telling their consumers about it.